Vulcan Materials: Strong Pricing Momentum But Lack Margin Of Safety [Seeking Alpha]
Vulcan Materials Company (Holding Company) (VMC)
Last vulcan materials company (holding company) earnings: 2/18 07:30 am
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US:NYSE Investor Relations:
vulcanmaterials.com/about-vulcan
Company Research
Source: Seeking Alpha
In 2023, revenue continued to grow, and margins expanded year-over-year, driven by strong aggregate pricing momentum and lower COGS. The outlook for aggregate pricing is positive, but overall demand is mixed due to weak private demand offsetting strong public demand. With no upside potential, I am recommending a hold rating for VMC. Synopsis Vulcan Materials ( NYSE: VMC ) is a company that supplies construction aggregates. It operates mainly in the US, and it is the country's largest supplier of construction aggregates. VMC's past financials have demonstrated strong revenue year-over-year growth. However, margins were under pressure due to high inflation. In 2023, revenue continued to grow, and margins expanded when compared to 2022. Looking ahead, aggregates' pricing outlook is positive, and its pricing momentum is expected to continue. However, the overall demand outlook is mixed, as the strong public demand outlook is being offset by the weak private demand outlook. With n
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VMC
News
- Vulcan Materials (NYSE: VMC) had its price target raised by analysts at Jefferies Financial Group Inc. from $298.00 to $319.00. They now have a "buy" rating on the stock.MarketBeat
- VULCAN ANNOUNCES FIRST QUARTER 2024 CONFERENCE CALLPR Newswire
- Vulcan Materials (NYSE: VMC) had its price target raised by analysts at Citigroup Inc. from $263.00 to $322.00. They now have a "buy" rating on the stock.MarketBeat
- Vulcan Materials (NYSE: VMC) had its price target raised by analysts at Truist Financial Co. from $300.00 to $320.00. They now have a "buy" rating on the stock.MarketBeat
- Can We See More Upside, With This Stock Market Rally? [Yahoo! Finance]Yahoo! Finance
VMC
Earnings
- 2/16/24 - Beat
VMC
Sec Filings
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- 3/25/24 - Form DEF
- VMC's page on the SEC website